The third edition of Iraq Mega Projects Conference & Exhibition organised by CWC Group, a specialist in energy and infrastructure issues, opened at the Madinat Jumeirah, Dubai yesterday (October 2).

The event, being held under the patronage of Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, will bring together stakeholders from across the value chain to identify project and infrastructure investment opportunities in support of oilfield production in Iraq.

The event began with a Master Class hosted by Ernst & Young and Eversheds, “Understanding the Investment Structure for Iraq Mega Projects Contracts”. The class was aimed at helping investors accurately gauge and respond to investment risks in Iraq. It sought to clarify investment information, accounting and taxation practices.

“Iraq offers incredible opportunities for investors to help develop the country’s energy infrastructure,” said H Frederic Ponton, director of Government Relations – Middle East, CWC Group.

“At the same time, it brings its unique challenges and environment. The purpose of the Iraq Mega Projects Master Class is to facilitate investors with the information and tools required to navigate Iraq’s investment landscape to help draw further investment for uplift and energy development.”

The conference began with an overview of oil and gas field development in 2012 and 2013, offering an understanding of the Iraq Mega Project landscape before delving into specialised sessions on water, gas and power, logistics, employee training and retention.

In support of the conference, the exhibition also kicked off yesterday, and showcased the latest technologies, tools and services pertinent to oilfield production and development in Iraq.

“There is no doubt about Iraq’s potential, or its crude output volume. Yet judicious investments must be made towards upgrading infrastructure and assets to ensure that the energy sector in the country can develop further,” said Natalie Bacon, conference producer, CWC Group.

“We hope to see Iraq Mega Projects become the platform for bringing together leading stakeholders in the industry to communicate, network and drive the necessary investment to the country. There is absolutely no doubt that the opportunities for investment and growth in Iraq are remarkable.” – TradeArabia News Service